LaunchCyte Garners $2 Million

Updated Feb. 5, 2002 4:53 p.m. ET

LaunchCyte LLC., Pittsburgh, garnered $2 million in new funding. Participants included investors Robert Shapiro, former chief executive of Monsanto Co. and former chairman of Pharmacia Corp, Henri Lipmanowicz, former president of the Merck Intercontinental Region, and the Commonwealth of Pennsylvania. So far, the company has raised $4.6 million. LaunchCyte (www.launchcyte.com) licenses university biotechnologies and helps create companies to bring them to...